Brazil Soybean Estimates Falling, Corn on the Rise

March 21, 2012

Brazil soybean potential is badly damaged by severe summer drought, but prospects in corn are brightening from an unlikely source, Mato Grosso.    The top soybean producer is turning into a major corn state, growing the feed grain as a winter crop.   

 Soybean Harvest Pace Quickens, Production Estimates Declining   

The Brazil soybean harvest is racing ahead as  60% of the crop was in the bin by March 20.    That compares with 50% last year on the same date,  and 45% on average.   The harvest has accelerated due to premature ripening in Rio Grande do Sul, where drought has grown severe.   This  is Brazil's 3rd leading soybean state... subscribers continue to full story...

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